Finance news – Page 525
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Tesco Christmas results: what the analysts say
Better-than-expected Christmas trading results a pleasant surprise for the market
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Tesco grows like-for-likes over Christmas as Dave Lewis hails 'fightback'
Tesco recorded like-for-like UK growth of 1.3% in the six weeks to 9 January, with volumes up 3.5% year on year
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Media Bites 14 Jan: Sainsbury's, Argos, Homebase
Sainsbury’s bid for Home Retail Group (or Argos to be more precise) continues to dominate the business news in this morning’s papers
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City snapshot: Tesco’s UK Christmas like for like sales up by 1.3%
Like for like sales at Tesco rose 1.3% in the six week Christmas period, which Tesco described as a “significant improvement on recent results”
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International and domestic growth boosts profits at Tyrrells
Revenues and profits have soared at crisp manufacturer Tyrrells after another year of international and domestic expansion.
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Sainsbury’s Christmas results – what the analysts say
Analysts have their say on Sainsbury’s Christmas trading update
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Wyke Farms hit by £1m losses due to "challenging market conditions"
Somerset dairy company Wyke Farms has posted losses of £964,000 for the 12 months to 31 March 2015
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Media Bites 13 Jan: Asahi, AB InBev, Kantar, Morrisons, Greggs
Rumours Asahi is weighing up a bid for SABMiller’s Peroni and Grolsch lager brands, which first appeared in a Japanese newspaper at the weekend, have made more headlines this morning
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Sainsbury's sales performance improves over Christmas as Mog proves a success
Sainsbury’s like-for-like sales over the third quarter fell just 0.4%, with total revenues rising 0.8%
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Typhoo stirs up sales rise with NPD
Typhoo Tea has increased sales and underlying profits thanks to a steady growth of the flagship brand, NPD and continued focus on lowering costs.
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Metro sales fall despite strong Christmas in home market
Sales at Metro have slipped 1.5% to €17.1bn in the first quarter as the crash in the value of the Russian rouble and the sell-off of assets in Denmark and Vietnam hurt the top line.
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Greggs shares slump as high street conditions toughen
Shares in Greggs crash 11% as like-for-like sales growth slows and footfall on the high street weakens.
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Shoppers turn to online this Christmas as the high street struggles
UK retail sales rose just 0.1% in the run up to Christmas as the appeal of shopping online grew, with supermarkets dragging themselves into the black.
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Media Bites 12 January: BRC/KPMG, Visa Europe, convenience stores
High street retailers had a challenging Christmas, squeezed by rapid growth in online sales and falling prices in shops, according to the British Retail Consortium
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City snapshot: Morrisons posts 0.2% like for like Christmas sales rise
Morrisons saw like for like sales rise by 0.2% (ex fuel) in the nine weeks to 3 January, topping analyst expectations for its festive trading.
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Kettle Chips owner takes bite of Metcalfe’s Skinny
The US owner of Kettle Chips has snapped up a minority stake in popcorn brand Metcalfe’s Skinny.
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Elmgrove Foods eyes further growth following profit surge
The company reported turnover of £32.4m in the year to 31 March 2015…
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Media Bites 11 Jan: Asahi, Sainbury's, Netto, Christmas trading
Asahi is reportedly planning a £2.4bn bid for Grolsch and Peroni and the shock takover approach by Sainsbury’s for Home Retail continues to gain column inches.
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Asda to invest another £500m in price war
Asda has committed another £500m to fight the price war as CEO Andy Clarke predicts 2016 will be another year of “intense pressure” for supermarkets.